[CPEO-IRF] Alameda (CA) may choose developeer

[Lenny Siegel <lsiegel@cpeo.org>]

City may choose Alameda developer
If project falls through, the Navy could auction the property

By Kelly Rayburn
Oakland Tribune (CA)
April 4, 2007

ALAMEDA - The city could be down to a final chance on Alameda Point.

City Council members will meet today and could select a new developer 
for the sprawling former Naval Air Station on the Island's west end.

The council - which will meet at 6 p.m. in City Hall in its capacity as 
the Alameda Reuse and Redevelopment Authority - will choose among three 
development companies after an original development team abandoned plans 
to build shops and homes on the old base a little more than six months ago.

The decision could prove crucial.

Ten years after the Naval Air Station closed, the Navy still owns the 
700-acre property and, for now, is asking $108.5 million to sell it in 
one shot.

But if another developer backs out of a project, there are indications 
that the Navy could turn to a different way of selling off the property 
- possibly through a public auction.

...

For the entire article, see
http://www.insidebayarea.com/oaklandtribune/ci_5590256

--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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